[CoinDesk] UK bank Griffin raises $20 million to expand into stablecoin payments

Griffin, a London-based UK bank, has raised $20 million in a Series B funding round led by Octagon Partners at a valuation exceeding $100 million. The capital will fund the bank's expansion into stablecoin payments, extending its existing banking platform into the digital-asset settlement space. The raise signals continued investor appetite for regulated banking infrastructure that bridges traditional finance and stablecoin rails, a segment attracting growing interest as payment tokens gain institutional traction. Griffin joins a wave of UK-licensed firms positioning themselves between fiat banking and on-chain settlement. What to watch next is how quickly Griffin launches stablecoin payment products and whether it secures the licensing and partner integrations needed to scale.